How to find the entry point with #zec candlestick? Don't just stare at the numbers, just follow the rhythm.
Many people get confused looking at candlesticks, but you don't need to complicate things; grasp a few points and you can use them for a lifetime.
First, look at the trend. A series of bullish candles means up, while a series of bearish candles means down. When a hammer candlestick or engulfing pattern suddenly appears, it might indicate a reversal; opportunities may arise at that moment.
Keep a close eye on support and resistance. If you are close to support and a strong bullish candle appears, there is potential for a long position.
If you are near resistance and a weak bearish candle appears, a short position is more stable.
Look at volume and price together.
When the price rises and volume increases = true rise.
When the price falls and volume increases = true drop.
Volume and price in sync, the direction is basically unavoidable.
Patterns are warning lights; hammer candlesticks, three white soldiers, and pregnant lines can all signal reversals or launches. You don't need to know them all, recognizing a few is enough to profit.
Indicators are just aids, like golden crosses of moving averages and MACD; they only help you confirm the trend, not blindly chase after it.
The most important rule: always set a stop-loss when entering a position, placing it outside of key levels to give yourself an exit strategy, preventing being blown out by the market.
Candlesticks are not magic, but they can speak.
If you can understand their rhythm, you won't be led by the market but will decide when to enter and when to exit.
I am Lao Zhang, skilled in medium and short-term contracts and medium to long-term spot layouts, sharing investment tips and detailed strategy teaching points regularly. Friends who don't understand can always reach out to me for communication! @老张趋势
